Hi! It’s Lou Brown. With another of my 101 ways for real estate investors like you to win, close more deals and accelerate your cash flow. Today’s tip is number 37. Always offer to have the interest accrue. This means you make no payments. Wow! How good is that? Well, why would that be good for the lender? Well, let’s say they have a retirement account, and let’s say they’ve loaned to you at say 6% interest. And imagine that that interest is accruing. That means that every month that you don’t make a payment that you owe interest on the original amount borrowed, plus your own interest on the payment that wasn’t paid so they can earn interest accruing. Well, what does that mean by the end of the year? Well, let’s say that the loan was $100,000 you just saved the payment every month on that. That could help your cash flow dramatically. And what you could do with that additional cash flow is buy more marketing.
Marketing will drive the train. When you got the right marketing, you’ve got the ability to build an amazing business in the real estate business. But the key is you gotta be able to pay for it. Wouldn’t it be great if you weren’t having to make monthly payments on this private money that I’ve been teaching you in this series? So what you say to the investor is, would you like to receive, annual payments, semiannual payments, quarterly payments, or monthly payments? And let them choose if they say monthly payments, you say, well now, of course when I send that payment in, what’s going to happen to it? You’re going to put it into your retirement account and it’s just going to earn what? Zero-point something percent. So not much. What if you just let your interest accrue? I’ll pay you interest on that as well. So then annually you can make them a single payment that incorporates both their regular payment and the accrued interest. How cool is that?
I hope you’ve enjoyed this. This is very useful. It’s made me a lot of money and I know it can make a difference in your life. That’s what I love to do. This is what I live for. So I’d love to share more of my valuable, profitable free tips. How can you get more? Just depending on where you’re seeing this. I want you to like it. Love it. Comment on it. Share it. And share it with your friends as well. Thank you so much for doing that. And may God bless. Have a wonderful day. Yeah, baby!
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